How competitive is the Phoenix housing market?

Phoenix is moderately competitive as of August 2026, with a Sold Score of 42/100 (Fair Chance of Selling). **Pending ratio** is 0.34 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +5.2% — more choices for buyers than a year ago. **Median days on market** is 67. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 47.1% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 42/100 (Fair Chance of Selling) · Pending ratio: 0.34 · Inventory YoY: +5.2% · Median days on market: 67 · Sellers cutting price: 47.1% · Median listing price: $475,000 (-4.8% YoY)